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Could anyone have honestly foreseen the pandemic and its ensuing upheavals? Of course, one is free to regret. Now, it would seem that the best we can do is ma
by perfmode 6y ago
Could anyone have honestly foreseen the pandemic and its ensuing upheavals?
Of course, one is free to regret.
Now, it would seem that the best we can do is make the most of the information available to us in the present moment.
- acituan 6y ago> Could anyone have honestly foreseen the pandemic and its ensuing upheavals? Absolutely. Previous WHO classification has a "Phase 4: Sustained community-level outbreaks -> Medium to high probability of pandemic" designation, which has a roughly once-a-decade frequency historically. Compared to multi-quarter, multi-year scale of real estate planning, 10 years is not infinite long term. Of course it is so in comparison to quarterly earnings, share prices, average tenure of a fund manager, a CEO and so forth, so it doesn't get priced in or gets bundled with other catastrophes.
- perfmode 6y agoInteresting. Have any people/groups/organizations been credited as having made prescient, non-trivial bets anticipating this pandemic?
- shortstuffsushi 6y agoWell, the Wimbledon at least had insurance for just such an occasion - https://www.forbes.com/sites/isabeltogoh/2020/04/09/report-wimbledons-organizers-set-for-a-141-million-payout-after-taking-out-pandemic-insurance https://www.forbes.com/sites/isabeltogoh/2020/04/09/report-w...
- umanwizard 6y agoThis pandemic might not be historically unprecedented, but the scale of the reaction to it (most office workers staying home for several months) certainly is.